Fixed index annuity review and rates

Power Index Preferred Plus Income with Lifetime Income Plus Multiplier Flex

Power Index Preferred Plus Income annuity focusing on retirement income with choice of guaranteed living benefit riders.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.75% Fixed
1-Year ML Strategic Balance PTP Participation Rate
Point to Point
Annual
70% Participation
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
6.25% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
6.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.25% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
28% Participation
1-Year Fixed Account
Fixed
3% Fixed
1-Year Russell 2000 PTP Cap
Point to Point
Annual
7% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year ML Strategic Balance PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 8% 7% 6% 5% 4% 3% 2%

Riders

Name Inbuilt Fee
Lifetime Income Plus Multiplier Flex Yes 1.00% annually
American General Life Insurance Company
Founded: 1919
A.M. Best: A
Fitch: A+
S&P: A
Moody's: A2
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, 401k, IRA, TSA 403b, SEP IRA, IRA-Roth, and TSP